PUBLISHER: Grand View Research | PRODUCT CODE: 1814075
PUBLISHER: Grand View Research | PRODUCT CODE: 1814075
The Middle East liquefied natural gas market size was estimated at USD 1.41 billion in 2024 and is projected to reach USD 3.97 billion by 2033, growing at a CAGR of 12.9% from 2025 to 2033. The Liquefied Natural Gas (LNG) market encompasses natural gas production, liquefaction, storage, transportation, and regasification for domestic use and global exports.
Key countries, including Qatar, the UAE, and Oman, are expanding LNG infrastructure to capitalize on the growing global demand for cleaner-burning fuels amid energy security concerns and decarbonization goals. Qatar remains a global LNG powerhouse with its North Field expansion aiming to increase capacity from 77 million tons per annum (MTPA) to 126 MTPA by the end of the decade. This strategic expansion is reinforced by long-term supply contracts with key Asian and European buyers seeking diversification from Russian gas.
The growth of the Middle East LNG industry is further supported by rising investments in liquefaction trains, floating storage and regasification units (FSRUs), and port terminal upgrades. LNG is pivotal in bridging the transition to renewable energy, providing dispatchable power while reducing greenhouse gas emissions related to coal and oil. Emerging markets like Iraq and Jordan are exploring LNG imports to meet fluctuating energy demand, while countries like the UAE are leveraging LNG for domestic consumption and trading purposes. Technological advancements in cryogenic storage, small-scale LNG, and carbon capture improve operational efficiency and environmental performance. Strategic collaborations with global energy majors, favorable regulatory reforms, and integration with hydrogen and ammonia value chains are unlocking new market potential. With leading players such as QatarEnergy, ADNOC, Shell, and TotalEnergies spearheading development, the Middle East LNG market is poised for resilient growth and a central role in global energy transition strategies.
Middle East Liquefied Natural Gas Market Report Segmentation
This report forecasts volume & revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East liquefied natural gas market report based on application and country: